An economy with a current account deficit must also havea.a capital account deficitb.a budget surplusc.capital account surplusd.a budget deficit
Question
Solution 1
The correct answer is c. capital account surplus.
A current account deficit means that a country is importing more goods, services, and capital than it is exporting. This deficit must be financed somehow, and it is typically done so through a surplus in the capital account. A capital account surpl Knowee AI StudyGPT is a powerful AI-powered study tool designed to help you to solve study prob
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